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FTC Requests More DataOn Diageo-Ketel Venture

Updated March 27, 2008 12:01 a.m. ET

U.S. regulators have requested more information about Diageo PLC's proposed joint-distribution venture with Dutch vodka maker Ketel One, the British liquor maker said Wednesday. Diageo said in February that it would pay $900 million in a deal with the Nolet family for "perpetual exclusive global rights to sell, market and distribute" Ketel One vodka in a 50/50 joint venture. Diageo, maker of Guinness stout and Johnnie Walker whiskey, said the Federal Trade Commission had asked for more information under the Hart-Scott-Rodino Antitrust Improvements Act....